Australia to upgrade inland freight route 
The Australian government has locked in a further AUD 400 million (EUR 273 million) to upgrade an inland freight route. Billed as the ‘second Bruce highway’, the 1,184 km north–south route from Charters Towers, in North Queensland, to Mungindi, on the New South Wales border, is... more
Road-based supply chains would benefit most
A shift to Inland Rail in Australia could cut annual transport costs by up to AUD 213 million (EUR 144.1 million), providing benefits across 22 million t of freight, according to a report of Csiro (a commonwealth scientific and industrial research organisation). Csiro has... more
Takeover in Hong Kong
Kerry Logistics (KLN) has acquired of a majority stake in Pro-Med Technology, a supplier of rehabilitation equipment based in Hong Kong. Prod-Med serves hospitals and residential care homes in Hong Kong, as well as providing consumer goods for elderly care. This move will... more
The Bahamas go for South Korea
The Bahamas flag registry is exploring growth opportunities in Asia. To this end, it has created a representation in South Korea through an agreement with marine and logistics provider Ben Line Agencies. Captain Jahangir Hussain, regional director for Asia, commented: “South... more
How bad is the situation in Shenzhen?
In its recent analysis, Chicago-based software developer and intelligence provider Four Kites reports that China’s zero-Covid policy is having a severe impact on the supply chains across the country. At Shenzhen, normally the country’s second busiest port, a trend of sharply... more
Wan Hai's next investment
Demand for maritime cargo capacities remains high, with prices still soaring. The German Danz und Tietjens Schiffahrtsgruppe sold a vessel to the Chinese liner Wan Hai for almost USD 110 million. The German company had bought the 5,500 teu unit “Allegoria”, which was built... more
Breaking ground in Rayong, Thailand
With its partner Ratanakorn Asset Management, the FLS Group recently broke ground on its new supply chain centre in Rayong, Thailand. The 40,000 sqm site will be serving both the Maptaphut and Ban Khai industrial estates. The warehouse is intended to store hazardous... more
Maritime cyber security still underestimated
In a recent report, maritime consultant Cyber Owl and law firm HFW found that where cyberattacks in the maritime industry result in the payment of a ransom, shipowners pay more than USD 3 million on average to the perpetrators. The research is based on a survey of more than 200... more
